The crazy real estate market

I guess I’m a little bit more surprised by this real estate market then some people may be, because I was heavily involved in the mortgage loan modification business, and I know how many houses have been foreclosed on that are still retained by the banks.

so the fact that there’s no inventory is absolutely crazy, but also makes perfect sense. If the banks hang onto the inventory, they can drive up prices, and then I’ll get a better return when they put their houses on the market slowly, to take advantage of the rising prices.

The deals going right now, are the REO’s. those are the properties that were foreclosed on by the banks and then are being listed by real estate agents.

Time to sell?

maybe you don’t realize, but right now there’s a shortage of homes especially in King County around Seattle. People are offering up to 10% above asking price and paying cash on homes right now because the low inventory. If you’ve been thinking about selling don’t just contact whoever you see a sign for. Contact me and I will find the perfect real estate agent for you and I don’t charge anything for it.

Sunny opportunities

When the weather is beautiful you can count on a lot of people walking around. If you’re a business owner this is one of your best opportunities to get out there and share with people who you are what you do

if you don’t already have a shirt that has your business name on it in such a way that compels people to be interested just from seeing it, that might be something worth doing. Try walking around Green Lake and seeing how many people you can get to ask you about your business.

notice I didn’t say tell them about your business to get them ask you about your business. That’s the trick is to advertise in such a way that people ask you about it.

it’s not quite bad service

I went to lunch today at this restaurant in Capitol Hill, sushi Thai place, and everything seem to be going fine until my food came. My servers brought the food, and I asked her for chopsticks, so she went to get them. But on the way back, something happened, and she did didn’t make it back. At least not anytime quickly, so I sat there waiting. It was several minutes of me sitting there with my food in front of me waiting for chopsticks. But she finally did come over. Now I’m not suggesting that she did anything inherently wrong, but I am suggesting that the system does breakdown little bit when you don’t focus on the top priority goals. Which in this case was taking care of the customer who had the immediate need.

this kind of behavior is something I would expect from big corporations, but not from little stores. I know there’s a lot to do, we can’t seem to accomplish everything, but you have to spend time talking about what happened during your shift. What went right, what went wrong?

I don’t know any restaurants that do this, especially the smaller ones, but it’s essential for success.